The high scale of the closure of Lowcostholidays last year would “dissipate” a compensation fund in place in Ireland in the event of another travel company collapse, the Irish Travel Agents Association (ITAA) said yesterday.

Customers who paid bust operator Lowcostholidays may have to wait months to reclaim costs, according to the body tasked with licensing travel trade in Ireland.

THIS week there was a welcome back into the mainstream of the Irish travel trade for former Budget Holidays executive Clem Walshe, appointed to head up LowCostHolidays.ie.